Director

Job Description - Director ) Join Our Mission to Foster Prosperity in Asia Are you ready to make a difference in the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region. Organizational Setting and Reporting Relationship The position of Director, PFFM is assigned to the Financial Management Division (PFFM) within the Procurement, Portfolio, and Financial Management Department (PPFD). You will be based at our Headquarters in Manila, Philippines and relocation is required. All reasonable relocation expenses will be covered. You will report to Director General, PPFD and will oversee technical international and technical local staff. Your Role As Director, PFFM, you are expected to complete a variety of tasks, covering all or a combination of the following responsibilities: Lead the planning, implementation and management of the division's vision, goals, strategies and annual results-based work program to support PPFD and ADB goals. Support the delivery of the annual results-based work plan of PPFD. Oversee divisional staff management, quality of work, and ensure the achievement of goals of the division. Support external and internal relations, coordination and consultation plans for the division, including operational support to sectors group, regional departments, resident missions, and other departments. Provide guidance on daily operational issues and compliance with ADB policies. Lead the planning, implementation and monitoring of medium- and long-term goals of PFFM in partnership with Director General, PPFD. Provide vision and leadership in team and operational matters and contribute new approaches to policy and operational issues. Participate as an important member of the PPFD management team in advising senior staff on PPFD products and issues. Shape and implement continuous improvement in the implementation of financial management policies to support ADB's overall goals. Provide inputs to and quality control of mainstreaming of financial management in operations. Develop and maintain recruitment and staffing plans. Ensure that the knowledge framework and documents supporting the financial management function remain current and reflect latest needs and best practices. Lead PFFM's support of project processing and implementation/management activities (loan processing, administration, reporting). Review ADB project documents for compliance with ADB policies and guidelines. Engage with sectors group, regional and other departments to resolve financial management issues following ADB's guidance and maintain the quality of ADB's fiduciary oversight. Advisory role on interpreting and clarifying ADB's guidance materials on Financial Management and Financial Analysis, and other relevant policies. Lead PPFD's response on specific financial management issues as assigned by Director General, PPFD. Lead country/sector financial management system assessments and strengthen internal and external capacities to meet ADB's financial reporting requirements. Guide improvement of financial management aspects of ADB's lending program and related risk mitigation. Oversee processing and implementation of TA for strengthening DMC institutional financial management capacity. Participate in outreach activities, including organizing knowledge-sharing events to enhance understanding of financial management value-addition. Develop knowledge products and tools to strengthen ADB and DMC financial management capacity. Provide advice on design and delivery of financial management training programs in areas of risk assessment, analysis, and project management. Increase relevance, effectiveness, efficiency and sustainability of financial management activities and best practices; lead development of knowledge products. Ensure full PPFD coordination and cooperation with other ADB departments and resident missions. Build relationships with PPFD development partners, including other institutions and the private sector. Coordinate with the World Bank, other international financial institutions and industry on harmonization of financial management policies and procedures. Conduct internal and external outreach activities to promote ADB's project financial management and analysis guidelines. Update ADB's financial management guidance materials (operations manual, staff instructions, project administration instructions, technical guidance notes). Refine business processes that contribute to efficient and effective divisional operations. Create and lead a diverse team and ensure the quality of work. Manage performance of teams and individuals, providing clear direction and regular monitoring and feedback. Provide coaching and mentoring for ongoing learning and development. Provide leadership to Division's staff, identifying, developing, and encouraging excellence in strategic, operational, and work aspects. Provide guidance and counsel to resolve complex operational issues. Ensure a working environment encouraging coordination and cohesion among financial management staff and related departments. You will need Master's Degree, or equivalent, in Business, Finance, Commerce, or related fields; or a University degree in Business, Finance, Commerce or related fields, and at least 10 years specialized experience. Professional qualification in accounting (e.g., CPA, CA) and in good standing from an internationally recognized institution (e.g., IFAC); an additional CFA qualification is a preference. At least 15 years of relevant professional experience in international development and public financial management, including financial analysis/management. Understanding of ADB or similar multilateral development bank's policies and procedures, and lending and non-lending instruments and products. Demonstrated financial analytical skills with operational focus; understanding of financial sustainability and governance issues. Working knowledge of multilateral development bank operational policies and procedures; international experience working in development in several countries. Demonstrated strength in building and maintaining collaborative relationships across organizational boundaries. Experience sharing knowledge to benefit DMCs, ADB, and the wider international community. Demonstrated managerial capability, including managing and motivating staff, and establishing a constructive work environment to foster staff engagement. Excellent English oral and written communication skills to present ideas clearly, concisely, and persuasively, and communicate issues and positions to Bank and other important partners. Please refer to the link for ADB Competency Framework for Management Level 1 (M1). Benefits ADB offers a rewarding salary and a comprehensive benefits package. The salary will be based on ADB's standards and comparator markets, taking into account your qualifications and experience. Housing and education allowance (if applicable) Expatriate benefits (if applicable) Retirement plan (if applicable) Medical and health benefits Paid leave (including parental) Life and other insurance plans Staff development Additional Information This appointment is open to internal and external applicants. This is a fixed‑term appointment for a managerial position, initially for a period of 3 years or up to Staff's Normal Retirement Date (NRD) whichever comes earlier, in accordance with Administrative Order No. 2.01 (Recruitment and Appointment). After the initial fixed‑term period, ADB may choose to renew the appointment for an additional fixed‑term period of up to 3 years or allow it to expire. This decision will be made in the overall interest of ADB, based on factors including, but not limited to, ADB's medium‑to‑long‑term plans for the organizational unit, the relevance of the staff's skills to those plans, and the staff's managerial and behavioral competencies. Notwithstanding the length of the initial or any subsequently renewed FT‑M, the expiration date of any fixed‑term appointment will not exceed the Staff's NRD. There is no limit on the number of renewals up to Staff's NRD. However, this appointment is not convertible to a regular appointment. About Us Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 69 members, 50 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under our Strategy 2030. ADB only hires nationals of its 69 members. Equal Opportunity Statement ADB wants to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply. Contact & Enablement Visit ADB Careers FAQ for more information. #J-18808-Ljbffr